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Goolsbee: Iran conflict triggers stagflation shock, the Federal Reserve faces a dilemma
ME News Report, April 8 (UTC+8), Federal Reserve’s Goolsbee stated that he is concerned that the Iran war will not only slow economic growth but also push up inflation rates, putting the Federal Reserve in a tricky situation. Goolsbee said, “Right now, my biggest concern is that we must deal with the upcoming oil crisis, which will cause prices to rise in the form of stagflation.” (Source: ChainCatcher)